Estimated Tax Payment Forms

johnbbenzon · ‎January 31, 2020

ReginaM · ‎January 31, 2020

TurboTax will automatically include 4 quarterly 1040-ES vouchers with your printout if you did not withhold or pay enough tax this year. This is to head off any possible underpayment penalties on next years return.

You are not required to make these estimated tax payments if you do not feel that they are needed.

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dave_74 · ‎February 25, 2020

It seems turbotax came up with a nonsensical estimate quarterly tax amount especially since my withholding is consistently above my tax liability. Is there a reason for this? I.E. based on projections or investment income?